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The United States and other Western nations that have borne the brunt of the cost of the Afghan war have been conspicuously absent from the bidding process on Afghanistan’s mineral deposits, leaving it to mostly to regional powers.
India is the only other nation to make a significant agreement to access Afghan minerals. In November, it won a bid granting Indian firms access to 1.8 billion metric tons of iron-ore, one of the largest untapped deposits in Asia .
US benefits?While the US may not seek financial gains from Afghan minerals, it’s likely to reap political benefits from the creation of a more stable, less aid-dependent economy that could reduce the burden of America’s long-term commitments in Afghanistan. It also sidesteps many Afghans’ suspicion that the US is here to steal the country’s resources.
“Americans know that if we can create an environment for Afghanistan’s neighboring countries to have their economic benefits tied with the Afghans’ benefits, it will create a situation that stops the negative intervention of these neighbors and puts them in a better position to help create peace and stability in Afghanistan,” says Hamid Faroqi, a professor of economics at Kabul University . “The US and other Western countries also don’t want to get involved with this because they don’t want to get accused of being here just to take advantage of Afghanistan’s natural resources.”
A major fire breaks out due to leakage of gas in Indian Oil's pipeline in Uttar Pradesh's Allahabad.
● The foreign oil & Gas companies providing services to exploration & production companies in India pay taxes (@ deemed profit rate of 10%) based on the deemed taxation regime which saves them from the cumbersome process of maintaining... The recent amendment of excluding the technical services from the deemed taxation could have been revoked to encourage investment in the Indian oil & Gas industry....
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Cabotage policy could hurt oil, gas production However he told the House that the country's shipping companies were not capable of providing all of the required vessels to the oil and gas industry. “Some other countries, such as China, Australia, India, Brazil and the United States also implement |
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RI's oil, gas production may decline by 196 million barrel oil equivalent “Some other countries, such as China, Australia, India, Brazil and the US, also implement the cabotage principle, but they understand the specialty of the oil and gas industry, so that they exclude several types of vessels from being subject to the |
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A win-win deal for India and BP Historically, international oil companies have struggled to win blocks in these basins up against India's powerful national oil companies, says Sara Pourghorbani, an analyst at consultancy Wood Mackenzie. The blocks, covering a surface area the size of |
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Our nation will need oil and gas for the foreseeable future, and it makes sense to produce some of it close to home, as long as we avert disasters like the Deepwater Horizon, wrought by a combination of industry corner-cutting and shamefully lax
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Mustang Appoints Curt Watson as Senior Vice President "Curt is widely known and respected throughout the engineering and construction industry and has been highly successful in leading efforts to win projects around the world with both major oil & gas companies and national oil companies," commented Steve |
India plans three-fold rise in emergency oil stockpile